the strenght of the moving averages, the volume, the trend, the pitchfork, the harmonic patterns, the freaking news and the chart itself is possibly going to the next target wich is 11.50 with a possible entry at around 9.00
The action shows a certain force in particular with the spring effect on the support where the formation of the spring box accompanied by a high volume. if the action breaks the oblique resistance then it should be bought because it will seek to go reach 110, 112 USD.
we are on a critical support and the price had weakened past few weeks but the moving averages are showing signs of possible reversal to 0.12 in aproximatly 1 or 2 months
the opposite situation is that it shrinks massively again like any other penny stock. I dont expect anything under 0.055 cents
some information about their commodities is revelant regarding...
here is a compression in between the moving averages showing a possible reversal to 9.00 in 21 days approximatly
alternative could be as low as 5.80 if any very bad news
